Mike Tyson’s estimated net worth is around $10 million as of 2024. Despite his financial downfall, he has managed to maintain it by participating in various income projects outside the ring.
American Professional boxer Michael Gerard Tyson, known by his nickname Iron Mike, was born on June 30, 1966, in Brooklyn, New York, U.S.
He was one of the most dominant heavyweight boxers, winning his first 19 professional fights by knockout.
Moreover, he held multiple titles and earned substantial purses from his fights.
The Baddest Man On The Planet, Tyson, Diversified His Income Sources Via Various Ventures
Mike Tyson earned a huge amount of money during his boxing career, primarily through boxing matches and other ventures.
His financial journey has been quite tumultuous. Despite earning around $375 million from his boxing career, he lost most of his wealth due to excessive spending, lawsuits, and poor financial management.
He also lavishly spent on mansions, cars, exotic pets, and other luxuries. In 2003, Tyson filed for bankruptcy with debts amounting to $23 million.
Additionally, he spent time in lockup for a sexual assault conviction, which affected his career and earnings.
However, he has been working hard to stabilize his income in recent years through various projects and endorsements.
Mike Tyson has made significant strides in stabilizing his income through diverse ventures.
His successful podcast, “Hotboxin’ with Mike Tyson, and the cannabis business (Tyson 2.0), has generated impressive revenue, further boosting his financial stability.
He has made celebrity appearances in movies, TV shows, and music videos. Likewise, he was featured on Fox Sports 1 in a documentary, Being: Mike Tyson, documenting his personal and private life.
Tyson has also authored several books such as his autobiography “Undisputed Truth” and “Iron Ambition: My Life with Cus D’Amato.”
These books have provided him with substantial royalties and increased his visibility and marketability.
Furthermore, his return to the ring for exhibition matches, including a notable fight against Roy Jones Jr., has helped him secure substantial earnings.
These combined efforts have helped him rebuild his financial standing and maintain a net worth of around $10 million.
Besides these, he established the Mike Tyson Cares Foundation, which focuses on supporting lower-income communities.
This philanthropic work enhances Tyson’s public image and attracts donations and support from individuals and organizations.
Mike Tyson’s Upcoming Fight With Jake Paul Is Expected To Boost His Financial Standings Further
Mike and Jake are set to face off on Friday, November 15, 2024. The match will occur at AT&T Stadium in Arlington, Texas, and will be streamed live on Netflix.
This will be his first professional fight in nearly two decades, as his last competitive match was in June 2005 with Kevin McBride.
On the other hand, Jake, who has a boxing record of 10 wins and 1 loss, has knocked out seven of his opponents and faced a mix of retired NBA players, MMA Fighters, and so on.
It will be very interesting to see both of the legendary boxers step into the ring. If you’re a fan of boxing, you can watch the exciting match between Mike Tyson and Jake Paul on Netflix or at the stadium.
In Case You Didn’t Know
- He was born to his parents, Jimmy “Curlee” Kirkpatrick (1924-2001) and Lorna Mae Smith (1927-1982).
- He has been married three times and has fathered seven children in four different relationships.
- His current wife is Lakiha Spicer, aka Kiki, and the couple has been married since 2009.
